FTC Seeks to Block Community Health Systems Sale of Two Hospitals
26 January 2024 - 5:56AM
Dow Jones News
By Josh Beckerman
The Federal Trade Commission is seeking to block the Community
Health Systems sale of two North Carolina hospitals to Novant
Health.
The agency alleges the $320 million transaction would allow
Novant to control nearly 65% of the market for inpatient general
acute care services in the eastern Lake Norman area, and says the
sale "threatens to raise prices."
Community Health Systems didn't immediately reply to a request
for comment.
The planned sale of Lake Norman Regional Medical Center and
Davis Regional Medical Center was announced in February.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
January 25, 2024 13:41 ET (18:41 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
Community Health Systems (NYSE:CYH)
Historical Stock Chart
From Dec 2024 to Jan 2025
Community Health Systems (NYSE:CYH)
Historical Stock Chart
From Jan 2024 to Jan 2025
